Adjustable-Rate Mortgages
Get a lower monthly payment today—and flexibility for tomorrow. Argent Credit Union’s adjustable-rate mortgages (ARMs) offer a low initial rate with predictable adjustments, designed to help you save early and plan confidently for the future.
Apply for a Home LoanWhy Choose an Argent 5/5 Adjustable-Rate Mortgage
Low Initial Rate
Start with a lower introductory rate than many fixed-rate mortgages, helping you reduce costs in the early years of your loan.
Flexible Down Payment Options
Purchase or refinance with as little as 5% down on primary residences, making it easier to get into a home sooner.
No PMI Required
Avoid private mortgage insurance, even with a lower down payment, to keep monthly costs more consistent.
Predictable Rate Adjustments
Your rate adjusts every five years with built-in caps, offering a more predictable rate path over the life of your loan.
5/5 Adjustable-Rate Mortgage Details
With Argent’s 5/5 Adjustable-Rate Mortgage, your interest rate and monthly payments remain fixed for the first five years. After that, your rate adjusts every 5 years, with a maximum change of 2% at each adjustment.
This structure provides added predictability, with only one potential rate adjustment in the first 10 years of the loan.
Key Features:
- 30-year loan term
- No private mortgage insurance (PMI) required
- Up to 95% financing for primary residences
- Up to 75% financing for investment properties
- Minimum credit score of 720 (subject to credit qualifications)
Mortgage Rates
Mortgage Resources
Home Loan Calculators
Estimate your monthly payment and explore how different rates and terms impact your budget.
Mortgage FAQs
Get answers to common questions about adjustable-rate mortgages and the home loan process.
Understanding Credit Tutorial
Learn how your credit score affects your mortgage options and how to improve it.
“Stress-free mortgage experience.”
– Diane M.Y.
“Seriously, Argent is the best bank I’ve ever been with. Thank you guys for being consistent, friendly, timely and helpful!”
– Morgan-Taylor M., Chester, VA
“Such great staff. It’s like visiting family, they really care.”
– Sarah G., Midlothian, VA
Adjustable-Rate Mortgage FAQs
What is an adjustable-rate mortgage (ARM)?
An adjustable-rate mortgage (ARM) is a home loan with an interest rate that starts at a lower fixed rate for an initial period and then adjusts over time based on market conditions. After the fixed period ends, your rate and monthly payment may increase or decrease depending on a financial index.
How does a 5/5 adjustable-rate mortgage work?
With a 5/5 ARM, your interest rate is fixed for the first five years of your loan. After that, it adjusts every five years for the remainder of the term. Argent’s 5/5 ARM also includes adjustment caps, meaning your rate can only increase or decrease by a set amount at each adjustment, providing more predictability over time.
What are the benefits of an ARM?
ARMs typically offer lower initial interest rates than fixed-rate mortgages, which can result in lower monthly payments early in the loan. This can make homeownership more affordable upfront and may be a smart option for buyers who don’t plan to stay in their home long-term.
How are ARM interest rates determined and adjusted?
After the initial fixed period, your interest rate is based on a benchmark index plus a margin set by your lender. At each adjustment period, your rate is updated according to market conditions, but caps limit how much it can change at one time and over the life of the loan.
How do I know if an ARM is right for me?
An ARM may be a good fit if you plan to move, sell, or refinance within a few years, or if you want to take advantage of lower initial payments. It can also work well if you expect your income to grow over time and are comfortable with some variability in future payments.
Can I refinance an ARM later?
Yes, many borrowers choose to refinance their ARM into a fixed-rate mortgage before or after the adjustment period. This can help lock in a stable rate if your plans change or if you decide to stay in your home longer than expected.
How to Apply for an Adjustable-Rate Mortgage
Fill out our easy Online Application
Get your documents ready then enter your details into our user-friendly online portal.Quick Review
A mortgage loan officer will let you know if you’re eligible for pre-approval by the next business day.Look for a Home!
Once pre-approved, you can start making offers and we’ll guide you all the way through to closing.More Borrowing Options
Mortgage Refinancing
Replace your current mortgage with a new loan that better fits your goals—whether that means lowering your rate, reducing your payment, or accessing your home’s equity.
Home Equity Options
Tap into your home’s value to fund major expenses, consolidate debt, or cover unexpected costs with flexible borrowing solutions.
Conventional Mortgage Loans
Choose a traditional fixed-rate mortgage with stable monthly payments and flexible terms designed for long-term homeownership.
Argent Credit Union is an Equal Housing Lender registered with the National Mortgage Licensing System under registration number 421982.
1APR = Annual Percentage Rate. This interest rate is current as of 04/27/26.
*5/5 ARM & Medical Professionals Mortgage Payment Examples
Fixed 6.125% / 6.312% APR for the first five years. No Private Mortgage Insurance. Up to 80% LTV for purchases. Maximum loan amount is $1,000,000. After the five-year fixed-rate period, your interest rate is subject to change – up or down according to market rates at the time of reset and each five years thereafter. Offer applies to borrowers with a credit score of 780 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 6.125% / 6.312% APR and 80% loan-to-value (LTV) is $1,215.22. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 6%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 5 years, the maximum payment is $1,454.09. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling.
Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are subject to change without prior notice.
